BB to launch Tk 5b re-financing scheme for jute sector

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FE Report
Bangladesh Bank (BB) is going to launch a re-financing scheme worth Tk 5.0 billion for revamping the country's jute sector, officials said.
A proposal was approved at a board of directors meeting held at the central bank Tuesday with Bangladesh Bank (BB) Governor Atiur Rahman in the chair.
"The board of directors has given approval to launching of such re-financing scheme to facilitate the jute industry," a BB senior official told the FE, adding that only state-owned jute mills would be entitled to get such facility.
The central bank will issue a circular in this connection shortly, the BB official said, adding that the jute mills would be able to receive loan from the state-owned commercial banks.
Currently, 16 state-owned jute mills are operational, four have been leased out and four are closed.